| Positions | Today | Yesterday | % Change | |
| Longs | 33% | 35% | -6.06% | |
| Shorts | 67% | 65% | 2.99% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Buy | Buy | Buy | |
| RSI (14) | Neutral | Neutral | Sell | |
| Stochastic (5; 3; 3) | Neutral | Sell | Sell | |
| Alligator (13; 8; 5) | Buy | Buy | Buy | |
| SAR (0.02; 0.2) | Sell | Buy | Buy | |
| Aggregate | ⇒ | ⇗ | ⇒ | |
After reaching the 132.00 mark early on Wednesday, bears prevailed and send the pair for a decline down to the 131.20. As apparent on the chart, the 55-hour SMA managed to hinder the pair both from the down– and up-side.
This level could be breached as traders may take advantage of the mitigated political tensions that is usually an advantage to the Yen. Thus, in case this level is breached, the pair is set to test the weekly R2 at 131.82 or even the 2017 high at 132.00.
Even though no specific trend is guiding the pair, slightly bullish technical indicators might support the above scenario. However, as technical oscillators did no reach the oversold territory, the Euro might in fact turn back south at any moment and approach the bottom channel boundary, reinforced by the 200-hour SMA circa 130.60.